Bplans Blog The Latest on Franchises

A lot of people are drawn to franchising. If it’s right for you, it can be a road map to profitable business ownership. You can get in on a great idea or successful business that has a track record of success and a strong brand, and still run the business yourself. Franchise expert Joel Libava... Read more »

Like any other business, there’s a lot to consider when purchasing a franchise. Does starting your own business yield more long-term rewards, or is buying a franchise a better choice? To find out, we asked eight founders from Young Entrepreneur Council (YEC) their thoughts on the subject. Here are their answers are below. Q: I’m thinking about buying a franchise.... Read more »

One of my favorite themes is that choosing what type of business to start should be a matter of looking at the mirror, reflecting on who you are, developing a business based on what you like to do and what you do well. And I’m sticking with that story. But there is also an exception... Read more »

If you’re in any way thinking about getting into a franchise business, you need to know about Joel Libava, @FranchiseKing on Twitter, thefranchiseking.com on the web, and author of Become a Franchise Owner, the best book there is on franchise ownership. I know something about franchises. I’ve never owned a franchise, neither as franchisor or franchisee;... Read more »

The Franchise King® Joel Libava says the franchise industry could use more women franchisees, so he’s taken it upon himself to make sure that more women start looking into franchise ownership as a viable option to traditional corporate employment. Joel’s just announced a contest specifically for women that are interested in pursuing franchise ownership –... Read more »

If you’re at all interested in buying into a franchise business, I think you’d definitely want to become familiar with Joel Libava, his Franchise King blog, and his new e-book called How to Carefully Select a Franchise to Buy. I just read a good review by TJ McCue, founder of SalesRescueTeam.com, someone I’ve come to... Read more »

This piece called 8 Franchise Ownership Myths got my attention the other day. I like myth busters. This one, however, surprised me; some of those myths seem like they are really true. For example: Myth 2: I can only be successful in a business I love. Makes sense to me, so I guess I buy... Read more »

For some people, buying an existing business is a better option than starting from scratch. Why? Because someone else has done much of the legwork for you, such as establishing a customer base, hiring employees and negotiating a lease. But if you want to buy a business, you’ll need to do some thorough research to... Read more »

When you are trying to decide whether to buy into a franchise there are several factors to consider. First, make sure you are looking at a solid and effective franchise that offers real value. It has to be a good one. There are hundreds of good ones, but lots of bad ones too. With a... Read more »